One of the reasons why I keep writing articles about BitBay is because I believe in the technology being developed by DavidZimbeck. Decentralized markets are a very promising prospect for cryptocurrency in general. As a result of this disruptive way of doing business online, David has come up with some interesting ideas in order to filter out illegal goods and services.

The original plan was to create a filter sifting out illegal goods and services through the creation of a whitelist. In order to do so, all of the market traffic would be channeled through a server in David’s control, and users would be granted access to decentralized markets based on good behaviour.Read more...

One of the more interesting stories to keep your eye on in the world of cryptocurrency and altcoins these days, is the future development of the BitBay project. While most, if not nearly all of the work is being done by David Zimbeck, there are some other coders involved as well. let’s see what the most recent post is all about!

One of the things being worked on by “the other coders” right now, is ensuring the release of both Linux and Macintosh BitBay distributables. No official ETA has been provided as of this writing, but they should be ready for release relatively soon. Read more...

While there is still a ton of controversy and outrage surrounding certain members who participated in the BitBay ICO, the actual project and development is still going on as we speak. A demo video of smart contracts has been provided by DavidZimbeck, and he also unveiled some more details about his involvement in the BAY project.

David Zimbeck feels he has been manipulated to get into the project, while the exact goal of the people trying to bring him in, was just to tarnish and potentially even destroy his reputation. After all of the information that has been unveiled as of late, you have to admit he might have a point.Read more...

David Zimbeck, a well known and respected name in the world of cryptocurrency and altcoins, has issued his official statement in regards to the whole BitBay situation. Most of it resembles what we posted in our article yesterday, but some more details have been added to the story We will first quote his story and then add some notes at the bottom of this article.

Pretty much anyone involved with digital currency and altcoins will have heard about the implosion of BitBay by now. Chat logs have been posted, detailing how the BAY price has been manipulated, funds have been released by Bter way too soon, and a whole bunch of other shenanigans we are not going to discuss here. David Zimbeck has been answering some questions over the past 24 hours, so let’s see what he had to say.

A few days ago, we reported on BitBay releasing their updated client, which includes the feature to create smart contracts directly from your BAY wallet. Today, we have received some screenshots of the very first smart contract being created through the new client. David Zimbeck is also working on a small bug, so let’s look at that information as well!

One of the major selling points of BitBay is the fact they allow users to create smart contracts from their client. While the feature has been added in the recently released client, it took a while before someone actually created the very first smart contract.Read more...

It has been about a week ago since we did our introductory article about BitBay, a new decentralized marketplace for cryptocurrency enthusiasts. Ever since their ICO ended a few days ago, there have been a lot of questions on how the funds will be used, and open sourcing the client source code. We have the news, so keep on reading

BitBay ICO Funds Distribution

Perhaps the most pressing question on the mind of both investors and digital currency enthusiasts alike, is how the BitBay ICO funds will be distributed. As there is plenty of work to be done, both on the coding and marketing side, let’s take a look at which steps are next for the team.Read more...